The Urban Development Bank issued a 15-year 6% $500 million bond on March 1, 2016. The bond
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The Urban Development Bank issued a 15-year 6% $500 million bond on March 1, 2016. The bond pays interest semi-annually. What is the significance of credit/debt ratings? Assuming the Urban Development Bank had an S&P rating of A+ at the time of issue, what does this rating indicate?
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
